Charles Collier Sells 7,181 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Roku Trading Up 5.8 %

Shares of Roku stock traded up $4.66 during trading on Wednesday, hitting $85.07. 4,805,978 shares of the stock were exchanged, compared to its average volume of 3,707,608. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of -95.58 and a beta of 2.12. The company has a fifty day moving average price of $82.19 and a 200-day moving average price of $76.66.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Equities research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of several analyst reports. Pivotal Research upgraded Roku from a "hold" rating to a "buy" rating and lifted their price target for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and raised their target price for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Benchmark lifted their price target on shares of Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Bank of America increased their price objective on Roku from $90.00 to $120.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average price target of $96.71.

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Farther Finance Advisors LLC lifted its holdings in shares of Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. United Advisor Group LLC lifted its position in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC boosted its stake in shares of Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after buying an additional 145 shares during the last quarter. GS Investments Inc. increased its position in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. Finally, True Vision MN LLC lifted its position in Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company's stock valued at $375,000 after purchasing an additional 152 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

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